Samsung vows more support for VN firms to enter its supply chain

The meeting between HCM City officials and Samsung executives on November 30 (Photo: thanhuytphcm.vn)

Hanoi (VNA) – General Director
of Samsung Vietnam Shim Won-hwan pledged to continue supporting Vietnamese
firms to take part in the Korean group’s global supply chain while meeting Chairman
of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on November 30.

Chairman Phong spoke highly of operation of Samsung,
one of the biggest foreign investors in Vietnam, noting its contribution of
about 20 percent of the country’s export revenue. The Samsung complex in the
Saigon Hi-tech Park has operated effectively since mid-2016, creating jobs for
more than 7,000 people.

He asked the company to continue community
activities, pay attention to its employees’ life and human resources training,
and raise the rate of locally made components in its products.

HCM City always makes efforts to improve the
local investment climate and create the best possible conditions for foreign
investors, including Samsung, the official added.

For his part, Shim said more than 90 percent of
Samsung products made at the complex in the Saigon Hi-tech Park are exported.
This complex alone is expected to earn nearly 3.5 billion USD in export
turnover in 2017.

He asked HCM City’s authorities to further
assist his firm’s development.

Aside from stepping up business activities in
Vietnam, Samsung will also actively help Vietnamese companies, including those
in HCM City, by sending Korean experts to give them advice.

At a recent support industry exhibition, many
Vietnamese enterprises came to learn about components that Samsung needs and
about opportunities to participate in the firm’s supply chain, he noted.-VNA